To sell or rent my AZ home? - Please share your opinion

[Jeff Kathwell]

Hello,

I am really torn on what I should do and hoping to get some input from others regarding my specific situation on if I should sell or rent my 1,845 sqft home in Peoria AZ (85382). Here are the main details I believe you'd need:

- Purchased 1,845 sqft home in 2012 for $180,500
- Total monthly mortgage payment: $988, have about $90,000 left on my loan
- Rents available in neighborhood with similar sqft: $1800-$2200
- Sale Comps in neighborhood for same style home: $450,000-$500,000 

I am currently looking to purchase a new home and would not need to use any of the equity in my current home for the down payment. I have had some experienced real estate pro's tell me that I should sell the home because it would take a long time renting the house to make this amount of profit if I were to sell, and I would not need to pay any capital gains. Then others have said to rent because the home is in a great area and being a landlord is a great way to build wealth. 

I hope I provided enough details to get some input, I really appreciate it. It's a big decision.